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The Independent UK
The Independent UK
Business
Anna Wise

Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

It marked a shift in direction after the financing had been decreasing over the previous years since 2021 (Gareth Fuller/PA) - (PA Archive)

Some of Britain’s biggest banks contributed billions of pounds to oil and gas financing last year, while just two were found to meet high ethical standards, analysis by a consumer group has revealed.

Which? Money said consumers may not be aware that some high street lenders were investing “ever larger sums into environmentally damaging industries”.

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